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Less than 2% loan outstanding against Vijay Mallya recovered so far

Less than 2% loan outstanding against Vijay Mallya recovered so far

Tuesday, March 21, 2017, 5:42 PM

Public sector banks have been able to recover only a fraction of the more than Rs 8,000 crore loan outstanding against embattled businessman Vijay Mallya, Parliament was informed today. "As reported by PSBs, the amount of Rs 155 crore has been recovered by conducting an online mega auction by selling from seized properties from defaulting loan borrower Vijay Mallya."
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